Managing a Successful Business Project: Tesco's Joint Venture Analysis

This report analyzes the risks and benefits of a joint business venture for Tesco to enter international markets, using a case study approach. The report begins with an introduction outlining the importance of international markets and joint ventures, followed by an explanation of the topic, aims, and objectives. The scope of the study, resource and cost considerations, Gantt chart, work breakdown structure, and a risk register are also included. The study focuses on the importance of globalization, and assesses the challenges faced by Tesco in Romania. The report concludes with an assessment of the impact of international markets on business performance and legal compliance issues. The study also highlights the significance of effective resource management, cost analysis, and risk mitigation strategies for a successful international venture, referencing relevant academic sources.

Managing a Successful Business Project

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1. Explanation of the proposed topic...........................................................................................1
2. Aims and Objectives ...............................................................................................................1
3. Scope of the study...................................................................................................................2
4. Resources and cost Consideration...........................................................................................2
5. Gantt Chart & Work break down structure ...........................................................................3
6. Risk Register Covering risk.....................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

Topic: To determine the risk and benefits of a joint business venture to enter international
markets. Case study based on
INTRODUCTION
International market has always created wonderful benefits for the businesses and give
opportunity to gain further. Joint venture is their best way to operate another business in
overseas country. Present study based on research that identify the importance of international
market for joint venture. For that, study will be taking Tesco into consideration.
TASK 1
1. Explanation of the proposed topic.
Globalisation is the process where company requires to maintained their image in front of
their international market (Bower, 2018). Due to different types of barriers such as lack of
resources. Globalisation is the best way to growth that helps Tesco to open its way for Romania
Population. Overall this process of launching new business at new country and gain new profit
maximization. Present study explains the effective learning goals in order to meet out the
company set objectives. In order to enter into the new business, it is very necessary to adopt new
working criteria in order to meet out the study and long term effective manner. For this Tesco
needs to evaluate the market and get the best opportunity and goals in order to select the best
development results and growth in the best possible manner.
The main purpose behind chosen this topic is to investigate the new theories and studies
to build new effective goals. This will make business more popular and enhance customers
towards the company.
2. Aims and Objectives
Aims: To determine the risk and benefits of a joint business venture to enter international
markets. Case study based on Tesco
Objectives
 To assess the importance of international markets in joint venture businesses.
 To identify the impact of international market on the business performance
 To determine the challenges that company faced while implementing the legal
compliances.
1

3. Scope of the study.
The main scope of the study is to gain company profit in Romania market or enhance the
company profitability ratio in different manner (Hitt, Li, and Xu, 2016). The significance of this
study is to explore the entrepreneur opportunity in making effective profitability growth. Present
study aims is to explore the effective management task and opportunity.
4. Resources and cost Consideration.
Resources: Resources are the most essential and effective element that helps company to
full fill the business management goals. Such resources are stationery technology, stationery,
communication devices etc. in order to this process resources are the most important thing to
analyse the most influencing. In terms of that, researcher and long term goals. Finance is the
most important resources for the company to manage all task effectively.
Costs: Cost is the another element that matters most in order to implement the specific
project are salary of employees purchase of raw material. Budgeting technique will be utilised
by scholar in present study managing cash flow (Huda and et.al., 2019).
unit/ hrs Costs/ unit/ hrs WBS Level 1 total
Salary of
Members work as
a project manager
840
1730
$140
$630
$9710
$125000
Technical
servicers
160
4
$750
$4500
$65000
$16000
Implementation
software
managers
160 $270 $21600
Testing of
hardware and
software
$69000
2

Elements required
in projects
$5000
5. Gantt Chart & Work break down structure
3

Activities Week
1
Week 2 Week
3
Week 4 Week
5
Week
6
Week
7
Week
8
Week
9
Wee
k 10
Research
proposal
Aims and
objectives
Literature
review
Research
methodolo
gies
Data
collection
Data
analysis
Data
interpretati
on
Finding
and
conclusion
Recommen
dations
Execute
the plan

Submissio
n
Work Break Down structure
6. Risk Register Covering risk.
Kind of Risks Chances of
Occurrence
Impact Strategy
Financial risk High High It is necessary for the
company to ensure
about all necessary
risk item and make
prior strategies and

goals.
Equipment Failure Medium High An organisation.
Industrial failure Low High Such risk can be
avoided through clear
business structure and
transparency (Yan and
Luo, 2016).
Breach of contract in
middle of time period.
Low High In order to avoid this
risk company make
sure their practices and
implemented
regulations (Zhang,
and et.al., 2016).
CONCLUSION
As per the above research it has been concluded that, international market has been great
impact on the business success. The present report based on different aspects of globalisation and
also presented cost consideration and risk register chart to analyse the threat in the business.
Study further explained the scope and aims of the study in order to accomplish the research
project objectives. In order to accomplish the aim study also presented the reason behind this
research that helps entrepreneur to get more new success in the international market.

REFERENCES
Books & Journals
Bower, D. J., 2018. Company and campus partnership: supporting technology transfer.
Routledge.
Hitt, M.A., Li, D. and Xu, K., 2016. International strategy: From local to global and
beyond. Journal of World Business. 51(1). pp.58-73.
Huda, M. and et.al., 2019. Towards Cooperative With Competitive Alliance: Insights Into
Performance Value in Social Entrepreneurship. In Creating Business Value and
Competitive Advantage With Social Entrepreneurship (pp. 294-317). IGI Global.
Yan, A. and Luo, Y., 2016. International Joint Ventures: Theory and Practice: Theory and
Practice. Routledge.
Zhang, X. and et.al., 2016. What drives the internationalization of Chinese SMEs? The joint
effects of international entrepreneurship characteristics, network ties, and firm
ownership. International Business Review. 25(2). pp.522-534.